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Principal Portfolio Management Officer - Equity Base in Beijing

Principal Portfolio Management Officer - Equity Base in Beijing

Posted 20 April by eFinancialCareers
Ended
Competitive salary
London , South East England
Permanent, full-time
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Principal Portfolio Management Officer - Equity The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow-infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved Members worldwide. We are capitalized at USD100 billion and AAA rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
The Implementation Monitoring Department (IMD) is responsible for monitoring AIIB's rapidly growing investment portfolio, which includes loans and equity investments with or without sovereign guarantees and assisting management and project teams to ensure portfolio quality. IMD's main functions include: (1) monitoring the entire Investment Operations (IO) portfolio and providing portfolio reports and data analytics; (2) managing the nonsovereign-backed financing (NSBF) projects/assets that have been transferred to IMD; (3) coordinating the design and implementation of IT systems for Investment Operations; and (4) providing Secretariat services to the Investment Committee.
IMD is recruiting a Principal Portfolio Management Officer - Equity (Principal PMO) to strengthen its project/asset management function (as mentioned above) related to equity. Reporting to the Director General, IMD (DG IMD), the Principal PMO will lead IMD's Equity Team by providing technical leadership on equity (including PE funds) portfolio management issues, and as delegated by DG IMD, supervising a sub-group of IMD staff who are mainly working on equity and funds projects (including some direct equity projects). In addition, the Principal PMO will work closely with the DG IMD to actively supervise and manage the equity and PE funds portfolios to ensure that AIIB's strategic objectives in terms of profitability and development impact are met.

The responsibilities of the Principal PMO include the following: A. Monitoring of investment performance and compliance
  • Supervise the financial performance of funds or investee companies after handover to IMD (typically, after first disbursement).
  • Assure fund/asset managers or client companies compliance with investment agreements as well as timely delivery of any reporting and/or other requirements.
  • Analyze periodic financial statements and other reports and develop an informed opinion about expected future performance while identifying and updating risk factors.
  • Process updates and provide recommendations to the Risk Management Department regarding the internal ratings of equity assets, track evolution over time and flag any negative developments or downgrades for further scrutiny.
  • Perform periodic valuation of AIIB's equity investments and monitor progress toward achieving original investment goals.
  • Process disbursements from AIIB to the investee companies of funds, as well as the receipt of dividends, bonus shares and/or the impact of stock-splits.
  • Identify and provide early warnings to management about critical deviations from the original investment thesis or newly emerging risks, while simultaneously proposing appropriate action plans or remedies and coordinating related activities with internal and external stakeholders.
  • Coordinate with IMD teams that are managing direct equity projects and ensure consistent approaches.
  • Represent IMD in cross-departmental discussions on topics relating to equity and fund investments.
B. Early identification of risks and design of appropriate remedies
  • Identify and provide early warnings to management about critical deviations from the original investment thesis or newly emerging risks, while simultaneously proposing appropriate action plans or remedies and coordinating related activities with internal and external stakeholders.
  • Advise preemptively on project, sector and country issues which may impact the financial and/or developmental performance of investee companies or funds.
  • Assist the IMU manager in developing a comprehensive early warning system throughout the equity portfolio.
C. Management of relationship with internal and external stakeholders
  • Effectively manage the relationship with external stakeholders (such as fund managers, asset managers, co-investors, counsel and advisers) and internal parties (including other Investment Operations Departments, Risk Management Department, Office of the General Counsel, Office of the Controller, Treasury Department) and ensure good communication to assess and implement the most appropriate course of action in any given situation.
D. Supervision of a sub-group of IMD staff who, as assigned by DG IMD, directly report to the Principal PMO
  • Plan, monitor, and appraise staff performance, including supervising daily operations.
  • Oversee staff job results by coaching, counseling, and mentoring.
  • Maintain morale and career development of staff through training and developing growth opportunities.
  • Maintain a safe and healthy work environment by establishing and enforcing organization standards and adhering to policies and procedures.
  • Regularly share feedback of the performance of these staff with DG IMD
E. Generating experience and knowledge feedback loops
  • Lead the fund and equity team in identifying and summarizing lessons learned from the existing portfolio and feed this knowledge back to other teams.
  • Guide team members in all tasks related to equity portfolio management.
F. Carrying out of any other duties assigned by the DG, IMD

Knowledge, Skills, Experience & Qualifications
  • Minimum 15 years of relevant working experience in managing a portfolio of private sector infrastructure projects or investments. Such experience should include having actively managed equity investments, generating portfolio reviews and monitoring reports and recommending possible courses of action and successfully addressing portfolio issues.
  • Sound knowledge of equity investment valuation techniques, equity markets, equity fund management practices obtained through previous work at multilateral financial institutions, investment banks or private equity funds.
  • Superior written and verbal communication skills in English with demonstrable ability to think strategically and synthesize complex issues (translated into effective oral and written briefs and ability to comprehend and review complex investment contracts).Very good understanding of types of issues that can affect investments in project companies, either indirectly through investments in funds or with
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    Reference: 52509416

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